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Hotels, Motels & Cruise Lines

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Shun Cheong appoints Wang Jingbo as chairman of the board<0650.HK>

Friday, 26 Aug 2016

Shun Cheong Holdings Ltd <0650.HK>: CAO Jing has resigned as an executive director and the executive chairman of the company . Zhang Shaohua has resigned as an executive director and the managing director of the company . Wang Jingbo has been appointed as the chairman of the board .

Ionian Hotel H1 EBITDA down at 2.8 million euros

Friday, 26 Aug 2016

Ionian Hotel Enterprises SA : H1 EBITDA 2.8 million euros ($3.16 million) versus 3.4 million euros year ago . H1 turnover 14.5 million euros versus 15.0 million euros year ago . H1 net profit 51,000 euros versus 434,000 euros year ago Further company coverage: [IHEr.AT] ($1 = 0.8862 euros) (Gdynia Newsroom) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)) Keywords: (URGENT).

Genting Malaysia says qtrly net profit 476.4 million RGT

Thursday, 25 Aug 2016

Genting Malaysia Bhd : Qtrly net profit 476.4 million rgt versus 230.9 million rgt; qtrly revenue 2.23 billion rgt versus 1.98 billion rgt . No dividend has been paid for the six months ended 30 June 2016 . Global economy is expected to remain challenging" . International tourism outlook is expected to remain positive" . Remains cautious on the near term outlook of the leisure and hospitality industry, but is "positive" on the longer term outlook .

Shangri La Asia HY sales of US$ 992.2 mln vs US$ 1.02 bln<0069.HK>

Thursday, 25 Aug 2016

Shangri-La Asia Ltd <0069.HK>: 2016 interim results announcement <0069.HK> . HY sales of US$ 992.2 million versus US$ 1.02 billion . Says interim dividend of hk5 cents (2015: hk5 cents) per ordinary share . HY consolidated profit attributable to equity holders of the company before non-operating items decreased by 7.7% to US$37.0 million . Global political and economic outlook continues to be uncertain" . It appears unlikely that the group will experience any major improvement in its operating performance" .

Guangzhou Lingnan Group Holdings announces shareholding structure changes

Thursday, 25 Aug 2016

Guangzhou Lingnan Group Holdings Co Ltd <000524.SZ> : Says Lingnan Group will raise stake in co to 44.03 percent up from 14.36 percent . Says a Guangzhou-based hotel group firm will lower stake in co to 14.97 percent down from 37.19 percent . A Guangzhou-based development holding firm to raise stake in co to 12.93 percent from 0 percent . Guangzhou Securities to raise stake to 3.37 percent from 0 percent .Says the shareholding structure changes are the results of new shares issuance plan for hotel and tourism assets acquisition and fund raising.

Millennium & Copthorne CEO Lee to retire

Wednesday, 24 Aug 2016

Millennium & Copthorne Hotels Plc : Aloysius Lee, director and group chief executive officer, has notified board of his impending retirement . Aloysius Lee has requested that his retirement take effect as of Jan. 31 2017 .board will consider his request at its forthcoming meeting in September.

Guangzhou Lingnan plans to buy hotel and tourism assets via cash, share issue

Wednesday, 24 Aug 2016

Guangzhou Lingnan Group <000524.SZ> : Says it plans to buy hotel and tourism assets for 3.4 billion yuan ($510.97 million) via cash, share issue .Says it plans to raise up to 1.5 billion yuan in private placement of shares to help fund acquisition.

Affiliates of certain funds managed by affiliates of Apollo Global Management announce extension of tender offer

Tuesday, 23 Aug 2016

Apollo Global Management LLC: Affiliates of certain funds managed by affiliates of co determined to further extend offering period of cash tender offer .Cash tender offer to purchase common stock of diamond resorts international extended to Aug. 30, 2016.

Genting Hong Kong says HY net loss $53.639 million versus profit of $2.17 billion a year ago<0678.HK>

Tuesday, 23 Aug 2016

Genting Hong Kong Ltd <0678.HK>: Results for the six months ended 30 June 2016 <0678.HK> . HY net loss $ 53.639 million versus profit of $2.17 billion a year ago . HY turnover $435.8 million versus $275.1 million a year ago . Says the directors do not recommend the declaration of interim dividend in respect of the six months ended 30 June 2016 .

Fujian Holdings announces formation of joint venture<0181.HK>

Tuesday, 23 Aug 2016

Fujian Holdings Ltd <0181.HK>: Discloseable and connected transaction - formation of joint venture <0181.HK> . Says the company and FHIG have agreed to establish the joint venture . Upon the establishment of the joint venture, the company and fhig will hold 51% and 49%, respectively . Registered capital of the joint venture will be RMB80 million, to which company and fhig will contribute RMB40.8 million and RMB39.2 million, respectively . Says capital contribution on part of company will be funded from funds raised under open offer of company conducted in 2015 .

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